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Slowdown in economy hits China's restaurants

02:40 Min

China's restaurant industry is in crisis, as consumers cut their spending. Millions of restaurants were forced to shut last year, with rising costs and deflationary pressure. Fierce competition in the capital Beijing is forcing restaurant owners to slash their prices.

China's restaurant industry is in crisis, as consumers cut their spending. Millions of restaurants were forced to shut last year, with rising costs and deflationary pressure. Fierce competition in the capital Beijing is forcing restaurant owners to slash their prices.

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